February 2008 in Review
February was a recovery month for my finances. My net worth increased by an admirable $3,069.86. However, most of the gains were in the form of paying off debt accrued just last month. February was also better for my 401K and stock account. Not a good month at all, but certainly better than January.
Assets: $28,508.54
- Cash in Hand, $217.34
- Emergency Fund, $1,012.67
- House Down-payment Fund, $4,996.98
- Corvette Fund, $1.00
- Savings Bonds, $153.56
- 401K, $8,462.85
- Taxable Stock Account, $2,111.93
- Prosper Loans, $318.71
- Family Loans, $1,780.00
- Toyota Corolla, $8,000 (kbb.com value)
- Apartment Security Deposit, $1,453.50
Liabilities: $24,256.11
- Student Loans, $19,336.35 (6.00%)
- Car Loan, $3,678.79 (4.99%)
- Credit Card, $1,240.97 (0.00%, for now…)
Spending was again under expectations. I’m batting two for two so far this year. I ended up not spending any money on gifts as I had expected. I doubt that will be the case next month.
Spending Budget: $840.00
Spending Actual: $761.18
- Petty Cash: ($20.00) $0.00
- Tolls: ($40.00) $0.00
- Gas: ($180.00) $188.42
- Eating Out: ($120.00) $82.17
- Entertainment: ($110.00) $118.77
- Gifts: ($200.00) $0.00
- Other: ($140.00) $139.41
(Budgeted) Actual